Category: Personal Finance

debt collector scams

Top Debt Collector Scams to Watch Out For

Whether you owe money on a past-due debt or not, you may be the target of debt collector scams. These scams typically include harassment and threats of all kinds. However, when you try to get the information you’re entitled to by law, they balk.

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Does debt consolidation hurt your credit

Does Debt Consolidation Hurt Your Credit?

Consolidating debt can have a significant positive impact on your finances, especially if it helps you pay down your debt more quickly and with interest savings. But you may be wondering, “Does debt consolidation hurt your credit score?”

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statute of limitations on debt

What Is the Statute of Limitations on Debt?

If you’ve stopped making payments on a debt balance, your lender or a debt collection agency will likely start actively trying to collect within a handful of months. But states have instituted a statute of limitations on debt, which can help protect you from old debts.

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debt consolidation companies

Are Debt Consolidation Companies Worth It?

Debt consolidation is an umbrella term that includes many different approaches to paying off debt. For example, many debt settlement companies advertise themselves as debt consolidation companies, even if they don’t use traditional consolidation programs.

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how to settle credit card debt

How to Settle Credit Card Debt (Before Going to Court)

When you borrow money from a creditor, you have a legal obligation to repay it. As a result, having unpaid credit card debt can lead to a lawsuit. If you’re behind on debt, it’s in your best interest to get back on track before you’re taken to court. Debt settlement may be an option. Understanding […]

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business debt consolidation

How to Consolidate and Pay Off Small Business Debt

Owning a business often comes with many ebbs and flows. Sometimes your cash flow hits a snag or unexpected expenses come up suddenly. These situations can leave you strapped for cash, which can make paying your bills difficult.

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use savings to pay off debt

Should You Use Savings to Pay Off Debt?

Having a healthy savings account is always a good idea. It helps financially protect you from the unexpected and can help you reach financial goals. But if you’re also sitting on some debt, you may consider using your savings to pay it off.

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settling credit card debt tax implications

Tax Implications for Settling Credit Card Debt (and How to Minimize What You Owe)

Whenever you borrow money, you have a legal obligation to repay it in full. Settling debt for less than you owe is a possibility. But because it means you’re not completely fulfilling your obligation, there may be tax consequences. When settling credit card debt, tax implications may include treating the settled debt as taxable income. […]

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While our staff and attorneys are based in New York, Tayne Law Group P.C. serves clients from across the country! Whether you prefer to talk on the phone, schedule a video call, or want to come into one of our New York locations, our staff and lawyers are here to answer any of your questions.

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Why people choose Tayne Law

A debt relief law firm

Personalized Program

Every situation is unique. We’ll work with you to find a solution that resolves your debt and frees up your cash flow.

No-billing
Policy

You make one low monthly payment and will never get an unexpected bill.

Experienced NY Debt Attorneys

We have more than 20+ years of experience providing clients with debt relief.

Confidential & Trusted

As a law firm, our attorneys follow strict client confidentiality. Our services are discrete and effective.

Work with Creditors

We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.

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